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Business, 10.02.2020 22:31 monkeys450

Blossom, Inc., sells 500 bottles of perfume a month when the price is $7. A huge increase in resource costs forces Blossom to raise the price to $9, and the firm only manages to sell 460 bottles of perfume. Using the midpoint formula, the price elasticity of demand coefficient is

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Blossom, Inc., sells 500 bottles of perfume a month when the price is $7. A huge increase in resourc...
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